Author: Dr Khosrow Ken Shakoori
"Why am I, as a passionate capitalist, committed to individualism and have high respect for collectivism?”
“Individualism empowers my mind, and collectivism cultivates my wisdom.”
Individualism encourages personal growth, self-reliance, and innovation, while collectivism fosters community, cooperation, and shared knowledge. Balancing these perspectives can lead to a fulfilling and well-rounded approach to life and work.
Author's Statement
As an economist, I am neither an optimist nor a pessimist. I am a realist who believes capitalism is the best economic system in the world. However, I am not blinded by the observable and indiscernible factors challenging capitalism's foundation.
My purpose in writing this book is not only to critique what others say about capitalism;
instead, I want to introduce a revolutionary form of organization, the Edified Capitalist model, that will be an excellent fit for the knowledge and digital economy. I believe it will pique your interest and engage you in a new way of thinking.
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Adam Smith, a moral philosopher considered a key figure in the development of modern capitalist theory, in his Wealth of Nations book published in 1776, told the capitalists that a nation’s wealth is produced by labor productivity and labor should be fairly compensated and that workers should be treated with dignity and respect.
Smith also reasoned that the specialization of labor significantly enhances productivity, leading to greater output and, ultimately, higher profits for businesses.
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Adam Smith, a moral philosopher considered a key figure in the development of modern capitalist theory, in his Wealth of Nations book published in 1776, told the capitalists that a nation’s wealth is produced by labor productivity and labor should be fairly compensated and that workers should be treated with dignity and respect. Smith also reasoned that the specialization of labor significantly enhances productivity, leading to greater output and, ultimately, higher profits for businesses.
I was born in 1945 and migrated to the United States in September 1972 to continue my education.
I received my MBA from Bryant College in 1975 and my Ph.D. in economics from Clark University in 1979. My areas of research and writing include financial management, the flaws and virtues of capitalism, and societal decision-making based on absolute truth, not perception of truth.
I staunchly believe that American society is built on genuine freedom and ideals and embraces moral values. These values foster social cooperation and must lead to equity and justice. However, American sociopolitical and economic institutions have become the only supporters of capitalists, claiming to help corporatists be internationally competitive while ignoring the workforce. This is controversial among social scientists, who claim that moral, political, or social values do not significantly shape economic
output.
I challenge the notion of corporatists' actions and moral values. They take negative moral actions against the workforce to maximize profitability. Their actions violate the American Constitution, overpower the free-market system (for instance, by engaging in anti-competitive practices or influencing government policies to favor their interests), and create monopolies and monopsonies in America under the guise of being able to compete internationally.
In essence, a free society is not solely about external choices such as consumption, production, investment decisions, etc.; it also necessitates the reliance on its citizen's internal moral compass.
Therefore, it is crucial to understand that “moral-free science is not the same as a moral-free society.”